Advent Convertible and Income Fund Announces Monthly Dividend for the Month of January 2020, Payable on January 31, 2020
January 02, 2020 at 04:15 pm EST
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Advent Convertible and Income Fund announced monthly dividend of $0.1172 for January 2020. The dividend is payable on January 31, 2020 with record date of January 15, 2020 and ex-dividend date of January 14, 2020.
Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.